what i is the Primary rebate in terms of income tax, south african revenue service

Answer 1

The Primary rebate is a tax credit that is deducted from an individual's taxable income before calculating the amount of income tax owed to the South African Revenue Service (SARS). It is a fixed amount that all individuals are entitled to, regardless of their income level.

As of the 2021/2022 tax year, the Primary rebate for individuals under the age of 65 is R15,714. For individuals aged 65 and older, the Primary rebate is R8,613. This rebate reduces the amount of income tax that individuals have to pay, resulting in a lower tax liability.